The Edtech firm Simplilearn has secured a sum of 45M US Dollars in a new funding round on Wednesday 16th November 2022.
The funding is led by the Multi-stage Venture Capital firm, GSV Ventures.
The funding round witnessed participation from Clal Insuarance, DisruptAD and ADQ’s Venture in association with the GSV Ventures.
The company plans to utilise the funds to inflate its growth across the world.
The CEO of the Simplilearn said that companies participated in the funding round will bring value to them with their experience, Scale and global network.
This will help Simplilearn to sustain the leadership across the world.
“With immense experience investing and working with education firms around the world, it is certain that the demand for knowledge-gain and upskilling is omnipresent. Like many other sectors, technology is disrupting education, and edtech has been a key focus area for us. Simplilearn is a unique player in the digital skilling space with premium content and partnerships with various marquee universities and enterprises.” Managing Partner of GSV Ventures, Deborah H Quazzo stated.
The Edtech firm has observed growth during the last year, with the addition of above 1,20,000 Business-to-Consumer paid learners.
The platform has over 1,00,000 enterprises as participants added during this time.
The company also have free learners of more than 2 million, which the firm adds to its SkillUp platform each year.
About the Company
The company was found by Mr. Krishna Kumar in the year 2010.
Simplilearn has its headquarters based in Bengaluru and San Francisco, which provide digital skilling programmes for beginners and professionals.
The platform aims to enable learners to learn additional skills and excel in the digital world.
Thus, the company creates Digital Skilling Programmes in association with famous educational institutions and companies.
The educational institutes are Caltech CTME, IIT Roorkee, MIT Schwarzman College of Computing, Purdue University, UMass Amherst, the Isenberg School of Management, Wharton Online and IIT Kanpur.
Whereas, the companies such as IBM, Microsoft, Amazon, Meta and KPMG work in association with the firm to generate the courses.
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